Morningstar

Principal Core Fixed Income Instl PIOIX

Morningstar Medalist Rating
Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 8.80  /  −0.33 %
  • Total Assets 11.3 Bil
  • Adj. Expense Ratio
    0.440%
  • Expense Ratio 0.440%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 3.37%
  • Effective Duration 5.99 years

USD | NAV as of Sep 26, 2024 | 1-Day Return as of Sep 26, 2024, 12:30 AM GMT+0

Morningstar’s Analysis PIOIX

Will PIOIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PIOIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PIOIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PIOIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Personnel changes and a corporate credit-heavy approach limit this strategy’s appeal.

Analyst Chiayi Tsui

Chiayi Tsui

Analyst

Summary

Principal Core Fixed Income has bolstered its ranks with an additional manager, but personnel changes and a corporate credit-heavy approach limit the strategy’s appeal.

by Chiayi Tsui
Rated on Published on

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Portfolio Holdings PIOIX

More PIOIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 7.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Future on 2 Year Treasury Note

2.07 228.1 Mil
Government

Principal Government Money Market R-6

1.02 112.4 Mil
—

AbbVie Inc. 5.05%

0.58 63.4 Mil
Corporate

Fifth Third Bancorp 2.375%

0.53 58.4 Mil
Corporate

Biogen Inc 2.25%

0.53 57.9 Mil
Corporate

PPL Electric Utilities Corporation 5.25%

0.48 53.0 Mil
Corporate

Truist Bank (North Carolina) 2.636%

0.48 52.5 Mil
Corporate

American Tower Corporation 2.75%

0.46 50.9 Mil
Corporate

The Bank of New York Mellon Corp. 2.1%

0.46 50.1 Mil
Cash and Equivalents

Ryder System, Inc. 2.9%

0.45 49.6 Mil
Corporate

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